USD/RUB: Magnitude of CBR rate cut unlikely to have much effect on the pair – Commerzbank USDRUB RussianFederation InterestRate Banks
“Today brings the next scheduled meeting of CBR, at which markets widely the base rate to be cut once again. For some weeks, a 100bp cut had been widely discounted.”
“We doubt that the magnitude of a rate cut today will have much effect on the USD/RUB exchange rate.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.